Strategy CEO Michael Saylor has reiterated that Bitcoin is "going up forever" after the leading cryptocurrency surpassed the $121,000 level for the first time earlier this Monday.
The top cryptocurrency is seemingly going parabolic, currently approaching the $123,000 level amid a relentless rally.
With a year-to-date gain of 31%, Bitcoin has already caught up with gold. For comparison, the yellow metal has so far gained 29% in 2025.
Saylor believes that Bitcoin is a "buying opportunity" even at current prices since he is convinced that the token has plenty of upside potential.
The total holdings of Strategy are currently valued at roughly $73.06 billion.
"Short Bitcoin if you hate money"
On Sunday, Saylor also encouraged traders to short Bitcoin (but only if they hate money).
According to data provided by analytics firm CoinGlass, roughly $172 million worth of short positions had been liquidated over the past hour alone. Total 24-hour short liquidations have now approached a whopping $600 million.
The largest liquidation order happened on Binance, with someone losing as much as $98.10 million.
Overall, 120,637 traders have been liquidated in a single day, CoinGlass data shows.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team